Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 48. Special Taxing Districts |
Chapter 12. ELECTRICAL DISTRICTS |
Article 5. Revenue Bonds |
Sec 48-1814. Resolution and trust agreements; adoption
Latest version.
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The board may provide that any series of bonds may be secured by a trust agreement by and between the district and one or more corporate trustees or fiscal agents, which may be any trust company or bank having the powers of a trust company in this state. A resolution is effective on its adoption unless otherwise specified.